The question of who is entitled to payment of compensation for PPI where a debtor has been discharged from his/her Protected Trust Deed (PTD) had given rise to conflicting judicial decisions in Scotland. In our previous article, we highlighted the uncertainty created following the decision of Sheriff Reid in the case ofDonnelly v The Royal Bank of Scotland (Donnelly) and the decision of Lord Jones in Dooneen Limited, t/a Mcginnes Associates and Douglas Davidson v David Mond (Dooneen).

Banking & Finance Banking & Finance Dezember / December 2016 4 | Editorial Fokus 6 | Verschärfung der Regulierung auf dem sog. Zweitmarkt – Anlageberatung und -vermittlung von Vermögensanlagen ab 2017 KWG-erlaubnispflichtig 8 | Anforderungen an ein schlüssiges Sanierungskonzept zur Verhinderung einer Insolvenzanfechtung aus Sicht der Gläubiger Aufsichtsrecht 10 | Zusätzliche Anforderungen an die Ausgestaltung einer Limitation Language aufgrund des Asset-Stripping-Verbots gemäß § 292 Kapitalanlagegesetzbuch (KAGB)?

OLG Naumburg verneint Haftung der Organe eines insolventen Zeitarbeitsunternehmens gegenüber den Einzugsstellen.

Bislang ist von der Rechtsprechung nicht abschließend geklärt, ob eine persönliche Haftung der Organe eines Zeitarbeitsunternehmens wie der Geschäftsführung gegenüber den Einzugsstellen in Betracht kommt.

The Court of Appeal in England has confirmed that a Trustee in Bankruptcy (“TIB”) cannot force a bankrupt person to elect to take their uncrystallised pension benefits solely so that the TIB can recover the benefit as income for the member's creditors. The decision in Horton v Henry (2016) clarifies the legal position after previous conflicting judgements had been given by the Courts.

The Scottish Government has been ahead of the rest of the UK in its attempts to introduce methods which are designed to change behaviour and encourage people to operate in buildings in a more energy efficient manner.

The Assessment of Energy Performance of Non-domestic Buildings (Scotland) Regulations 2016 came into effect on 1 September and are aimed at effecting those behavioural changes.

The powers available to HMRC to request information or documents from a third party (a Third Party Notice) where it is reasonably required by HMRC for checking the tax position of a taxpayer are generally well known. What is not so well known is the limited opportunities available to a third party who might wish to challenge the terms or scope of a Third Party Notice.

Better late than never, the Third Party (Rights Against Insurers) Act of 2010 finally came into force in an amended form on 1 August 2016. It applies across the UK, with minor variances between Scotland and England and Wales. The Act updates third party creditors’ rights against insurers under the 1930 Act of the same name, permitting a streamlined and more cost-efficient procedure for creditors’ claims against insurers in circumstances where the insured company/ individual which took out the liability insurance has suffered an insolvency event.

Historic Position

The question of who is entitled to payment of compensation for PPI where a debtor has been discharged from his/her Protected Trust Deed (PTD) has given rise to conflicting judicial decisions in Scotland. In our previous article, we highlighted the uncertainty created following the decision of Sheriff Reid in the case of Donnelly v The Royal Bank of Scotland and the decision of Lord Jones in Dooneen Limited, t/a Mcginnes Associates and Douglas Davidson v David Mond.

Introduction

What is a Scottish LP?

In common with LPs registered in the rest of the UK, a Scottish LP is a partnership formed in accordance with the Limited Partnerships Act 1907. A Scottish LP: